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HomeMy WebLinkAbout348135 ORDINANCE NO. 348 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF IRWINDALE AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY OF IRWINDALE AND THE BOARD OF "'ArAINISTRATION OF THE CALIFORNIA PUBLIC" EMPLOYEES' RETIREMENT SYSTEM. The City Council of the City of Irwindale does ordain as follows: SECTION 1. That an amendment to the Contract between the City Council of the City of Irwindale and the board of Administration, California Public Employees' Retirement System is hereby authorized, a copy of said amendment being attached hereto, marked "Exhibit A", and by such reference made a part hereof as though herein set out in full. SECTION 2. The Mayor of the City Council is hereby authoiz—red, empowered, and directed to execute said amendment for and on behalf of said Agency. SECTION 3. The City Clerk shall certify to the adoption of this Ordinance and shall cause the same to be processed in the manner prescribed by law. Mayo Mi ftael iran ATTEST: A(ol(��.1�i�/�I�Ccc,fC, Marg et S. Barbosa, City Clerk I, Margaret S. Barbosa, City Clerk of the City of Irwindale do hereby certify that the foregoing Ordinance, being Ordinance No. 348, was introduced at a regular meeting of the City Council of the City of Irwindale, held on the 23rd day of October, 1980, and was duly passed, approved and adopted by said council, approved and signed by the Mayor and attested by the City Clerk at a regular adjourned meeting of the said City Council held on the 20th day of November, by the following vote: AYES: COUNCILMEN: Barbosa, Castellanos, Tapia, Pat Miranda and Mayor Miranda NOES: COUNCILMEN: None ABSENT: COUNCILMEN: None Marga,�Art S. Barbosa, City Clerk 136 Exhibit "A" Ordinance No. 348 AMENDMENT TO CONTRACT BETWEEN THE BOARD OF ADMINISTRATION PUBLIC EMPLOYEES' RETIREMENT SYSTEM AND TH CI? CITY COUriX OF THEx ' CITY OF IR 7k c " 1 The Board of Administration, Public Employees' Retirement System, herein- after referred to as Board, and the governing body of above public agency, hereinafter referred to as Public Agency, having entered into a contract under date of October 20, 1964, effective November 22, 1964, and as amended effective July 1, 1974, which provides for participation of Public Agency in said System, Board and Public Agency hereby agree as follows: A. Paragraphs 1 through 8 are hereby stricken from said contract as executed effective July 1, 1974, and hereby replaced by the following paragraphs numbered 1 through 10 inclusive: ii• All words and terms used herein which are defined in the Public Employees' Retirement Law shall have the meaning as defined therein unless otherwise specifically provided. "Normal retirement age" shall mean age 60 for local miscellaneous and age 55 for local safety members. 2. Public Agency shall participate in the Public Employees' Retirement System from and after November 22, 1964 making its employees as hereinafter provided, members of said System subject, to all provisions of the Public Employees' Retirement Law except such as apply only on election of a contracting agency and are not provided for herein and to all amendments to said Law hereafter enacted except such as by express provisions thereof apply only on the election of contracting agencies. 3. Employees of Public Agency in the following classes shall become members of said Retirement System except such in each such class as are excluded by law or this agreement: a. Local Firemen (herein referred to as local safety members); b. Local Policemen (herein referred to as local safety members); C. Employees other than local safety members (herein referred to as local miscellaneous members). In addition to the classes of employees excluded from membership by said Retirement Law, the following classes of employees shall not become members of said Retirement System: ELECTIVE OFFICIALS 4. The fraction of final compensation to be provided for each year of credited prior and current service as a local miscellaneous member shall be that provided in Section 21251.13 of said Retirement Law with all service prior to Social Security termination March 31, 1977 subject to the reduction provided by said section. 5. The fraction of final compensation to be provided for each year of credited prior and current service as a local safety member shall be determined in accordance with Section 21252.6 of said Retirement Law (2% at age 55). 6. The following additional provisions of the Public Employees' Retire- ment Law which apply only upon election of a contracting agency shall apply to the Public Agency and its employees: a. Section 20952.5 (Age 50 voluntary retirement) for local safety members only. b. Section 20024.2 (One-year final compensation). C. Section 21298 (Increased non -industrial disability allowance). d. Sections 21380-21388 (1959 Survivors Program). 7. Public Agency, in accordance with Section 20740, Government Code, shall cease to be an "employer" for purposes of Chapter 6 of the Public Employees' Retirement Law effective as of the effective date of this amendment to contract. Accumulated contributions of Public Agency as of the date of such amendment shall be fixed and determined as provided in Section 20759, Government Code, and such accumulated contributions and contributions hereafter made shall be held by the Board as provided in Section 20759, Government Code. 8. Public Agency shall contribute to said Retirement System as follows: a. With respect to miscellaneous members, the agency shall con- tribute the following percentages of monthly salaries earned as miscellaneous members of said Retirement System: (1) 0.737 percent until June 30, 2000 on account of the liability for prior service benefits. (2) 12.760 percent on account of the liability for current service benefits. (3) 1.000 percent on account of the liability for the 1959 Survivor Program. b. With respect to local safety members, the agency shall contribute the following percentages of monthly salaries earned as local safety members of said Retirement System: (1) 18.305 percent on account of the liability for current service benefits. (2) 0.500 percent on account of the liability for the 1959 Survivor Program. 0 C. A reasonable amount per annum, as fixed by the Board to cover the costs of administering said System as it affects the employees of Public Agency, not including the costs of special valuations or of the periodic investigation and valuations required by law. d. A reasonable amount as fixed by the Board, payable in one install- ment as the occasions arise, to cover the costs of special valua- tions on account of employees of Public Agency, and costs of the periodic investigation and valuations required by law. 9. Contributions required of Public Agency and its employees shall be subject to adjustment by Board on account of amendments to the Public Employees' Retirement Law, and on account of the experience under the Retirement System as determined by the periodic investigation and valuation required by said Retirement Law. 10. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within thirty days after the end of the period to which said contributions refer or as may be prescribed by Board regulation. If more or less than the correct amount of contributions is paid for any period, proper adjustment shall be made in connection with subsequent remittances, or adjustments on account of errors in contributions required of any employee may be made by direct cash payments between the employee and the Board. Payments by Public Agency to Board may be made in the form of warrants, bank checks, bank drafts, certified checks, money orders or cash. B. This amendment shall be attached to said contract and shall be effective on the day of J Witness our hands the day of 19_ BOARD OF ADMINISTRATION CITY COUNCIL PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF THE CITY OF IRWINDALE m d , All BY BY PoPoYY a {d i 2; I t I ai`r—� Carl J. Blechinger, Executive Officer Presiding Officer Approved as to form: Attest: i Cynthia G. Besemer, Legal Office, Date Clerk PERS CON -702